(By Colin Dabkowski – Buffalo.com) Albright-Knox Art Gallery has raised more than $100 million for its expansion project in less than three months, spurred in large part by a $42.5 million pledge from billionaire bond-trader and Western New York native Jeffrey Gundlach.
The commitment from the Los Angeles-based investment guru, set to be announced Friday, is likely the largest single private donation to a cultural institution in Western New York history.
In honor of the gift, the Albright-Knox board voted this week to change the gallery’s name to the Buffalo Albright-Knox-Gundlach Art Museum, or the Buffalo AKG Art Museum for short, upon its completion
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